Dubai Intensifies Regulatory Measures for Crypto Marketing
Dubai’s Virtual Asset Regulatory Authority (VARA) is implementing stricter guidelines for the promotion of cryptocurrency investments within the country, marking a significant step towards enhancing investor protection and transparency in…
Bybit Targets Muslim Market with New Shariah-Compliant Crypto Offerings
Bybit, a leading player in the cryptocurrency exchange market, has unveiled new offerings tailored to align with Shariah principles, aiming to cater to the unique needs of Muslim investors. On…
Gold Hits New All-Time High as Bitcoin Rallies to September High Above $64K
The price of gold has reached unprecedented heights following a recent interest rate cut by the United States Federal Reserve, prompting crypto analysts to speculate on when Bitcoin might experience…
Emerging African Economies Poised to Become Leaders in Digital Asset Adoption
Emerging economies across Africa, particularly South Africa, are being recognized for their potential to become central hubs for digital asset operations. According to Ben Caselin, Chief Marketing Officer of VALR,…
Meta’s Appeal Fails in Kenyan Court, Content Moderators Continue Fight
Facebook’s parent company, Meta, has lost a key appeal in Kenya, allowing a lawsuit filed by content moderators to proceed. The Kenyan labor court ruled that Meta could be sued…
UAE Enhances National Crypto Regulation Through Strategic Dubai Partnership
The United Arab Emirates is making significant strides towards a unified regulatory framework for cryptocurrency operations across its territories. This move comes as the Securities And Commodities Authority (SCA), the…
Nigeria’s SEC Intensifies Actions Against Unregulated Cryptocurrency Exchanges
The Securities and Exchange Commission (SEC) of Nigeria is set to enhance enforcement actions against businesses and individuals engaging in cryptocurrency transactions without appropriate regulatory oversight. This announcement, made by…
Global Downtrend: Over 600 Bitcoin ATMs Decommissioned in Recent Months
In the first two quarters of Q3 2024, the global network of Bitcoin ATMs saw a significant reduction, with more than 600 units going offline. This trend, particularly pronounced in…
Meta Oversight Board Approves “From the River to the Sea” Slogan in Key Ruling
Meta’s Oversight Board has upheld the company’s decision to allow Facebook posts containing the phrase “From the River to the Sea,” concluding that a blanket ban on the slogan would…
Detained Binance Executive Seeks New Bail Amid Health Concerns
The trial of Tigran Gambaryan, a Binance executive currently detained in Nigeria, resumed on September 2, 2024. As the proceedings continue, Gambaryan’s legal team has filed a renewed motion for…
Qatar Unveils Regulatory Framework for Digital Assets
The Qatar Financial Centre (QFC), located in Doha, has launched a comprehensive regulatory regime dedicated to fostering the development and management of digital assets. This initiative is set to provide…
Nigeria Grants First Cryptocurrency Exchange License, Ushering New Regulatory Era
The Nigerian Securities and Exchange Commission (SEC) has awarded Quidax, an Africa-based cryptocurrency exchange, its inaugural provisional operating license. This landmark decision heralds a new phase of formal recognition and…
Nigeria’s SEC Awards First Operational License to Local Crypto Exchange Quidax
The Nigerian Securities and Exchange Commission (SEC) has taken a significant step forward in the regulation of the cryptocurrency sector by issuing its first provisional operating license to Quidax, an…
Scrutiny Intensifies Over Binance’s Seizure of Palestinian Crypto Funds
Binance, a leading global cryptocurrency exchange, is at the center of controversy following allegations that it confiscated cryptocurrency funds from Palestinian users at the request of Israeli authorities. Ray Youssef,…
Health Concerns Escalate for Binance Executive Detained in Nigeria
The family of Tigran Gambaryan, a Binance executive detained in Nigeria for alleged financial crimes, has expressed grave concerns regarding his deteriorating health condition after six months in custody. Gambaryan’s…
Local Crypto Stakeholders Advocate for Compliance-Based Regulation in Nigeria
Local stakeholders in Nigeria’s cryptocurrency sector are pushing for a regulatory framework that emphasizes compliance over criminalization. This shift is championed by Obinna Iwuno, the former president of the Stakeholders…
Meta Blocks WhatsApp Accounts Linked to Iranian Hackers Targeting Biden and Trump Officials
Meta has recently blocked a “small cluster” of WhatsApp accounts connected to Iranian hackers who targeted officials associated with both President Joe Biden and former President Donald Trump. Who Is…
Abu Dhabi Outlines Regulatory Framework for Fiat-Referenced Tokens
In response to increasing interest from stakeholders, Abu Dhabi‘s Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) is taking significant steps to regulate fiat-referenced tokens (FRTs),…
Nigerian SEC Set to Issue Licenses for Cryptocurrency Platforms Amid Market Expansion
The Nigerian Securities and Exchange Commission (SEC) is poised to issue licenses to cryptocurrency exchanges, marking a significant development in the regulatory framework for digital assets within the country. This…
OpenAI Dismantles Iranian Operation for Misusing ChatGPT to Generate Fake News
OpenAI announced on Friday, August 16, that it had identified and dismantled an Iranian influence operation, named Storm-2035, which was using ChatGPT to generate fake news articles and social media…